November 9, 2012
In this video, Energy Analyst Joel South takes a look at some very vocal dissent from TPG-AXON Capital, which has 4.5% ownership of Sandridge Energy, (NYSE: SD ) . They are frustrated with how long the stock price has continued to underperform the industry, and they are ready for a change, starting with the ousting of some of the top management, including the CEO. They're hoping this could curb what they see to be the company's reckless spending and incoherent strategy; South, however isn't quite so sure that these criticisms hit the mark.
Investors were startled after SandRidge plummeted when natural gas prices reached 10-year lows; but, with the company halfway through its ambitious three-year plan to profitability, the future looks bright. If you are unsure about the future of this emerging oil and gas junior, and are looking to find out more about its strengths and weaknesses, you should view this brand new premium report detailing SandRidge's game plan and what to expect from the company going forward. To get started, click here!